RocaPoint Partners and New York-based The Georgetown Company recently closed on the land for its $370 million development in Forsyth County, Georgia and plan to bring a wholly new and unexpected mixed-use village to the area. Named HALCYON – meaning idyllic, joyful, serene and prosperous – the new development is located directly off Georgia 400’s Exit 12 on McFarland Parkway. Groundbreaking is scheduled for January 2016 and the grand opening set for fall 2017.
“HALCYON will be the front door to Forsyth’s Big Creek Greenway,” said Patrick Leonard, principal of RocaPoint Partners. “To that end, we have placed nature and active recreation squarely in the center of our design process. The magnetic quality of HALCYON’s setting and amenities will attract residents and visitors seeking to connect with this special place.”
Phase One plans include 125,000 square feet of retail space. Leased by JLL, HALCYON’s commercial village will include a movie or entertainment venue, gourmet market, outdoor outfitter, up to 10 local and regional full-service and fast-casual restaurants, a boutique fitness club and service retail. Up to 65,000 square feet of loft offices and built-to-suit spaces are included in Phase One of the village, as well as a 110-room hotel developed by Tharaldson Hospitality, one of the country’s leading ground-up hotel developers. When complete, the project will have two hotels and more than 360,000 square feet of office and retail.
RocaPoint has partnered with Monte Hewett Homes and Edward Andrews Homes to develop HALCYON’s for sale residences, which include 87 single-family units and 155 townhomes with prices starting in the high $400s. The 448 luxury apartments appeal to all ages, from boomers to millennials. Additionally, more than 3,600 residents will live within a ½-mile walk of HALCYON’s commercial village.
HALCYON’s Phase One features a new Trailhead Welcome Center for Forsyth’s Big Creek Greenway, a 9.6-mile paved recreation trail and linear park. County governments are working together to connect the existing Forsyth and North Fulton segments, creating a continuous, 40+-mile, non-motorized multi-use trail system and greenway. Along with the Greenway access, HALCYON will offer two miles of nature trails that meander through the 50+ acres of community greenspace, a four-acre natural open space, Wi-Fi enabled pocket parks and gathering areas in the center of the commercial village.
“Located in the bull’s-eye of metro Atlanta’s affluent northern suburbs, HALCYON is an exciting destination for retailers, residents and future HALCYON visitors,” said Steve Yenser, EVP at JLL. “It’s connectivity and accessibility to active recreation and nature will provide residents and visitors alike with a very special live, work and play environment.”
Lew Oliver and Whole Town Solutions is the master architect and land planner for HALCYON. Wakefield Beasley has been selected as the commercial architect. Civil engineers at Southeastern Engineering, Inc. and land brokers with New South Realty Associates round out the development team.
About RocaPoint Partners
RocaPoint Partners is a privately held real estate firm based in Atlanta that focuses on mixed-use development and value-add commercial real estate opportunities.
About The Georgetown Company
The Georgetown Company develops and invests in residential, commercial and mixed-use properties throughout the United States with a focus on emerging neighborhoods in best-of-class locations. Led by CEO Adam Flatto and founded in 1978 by its Chairman Marshall Rose, Georgetown is a privately held diversified real estate development company that is recognized for attracting long-term partners and creating popular destinations after carefully selecting properties and diligently nurturing them through all stages of development and ongoing operations. Georgetown is headquartered in New York City and currently owns and is developing properties in New York City; Los Angeles; Chicago; Columbus, OH; Boston and Washington DC.